Disabling contactless payment on credit/debit cards

meer53

Robin9 wrote: »

No - never , nor a credit card , nor ATM , nor bank account

Me neither. I've spent a long time working in the fraud department of a bank, none of my work colleagues (about 70 of them) have either.

techno79

meer53 wrote: »

Anyone on the forum had fraudulent contactless transactions on their accounts ?

I've looked at your link. I'm still not scared.

Each to their own. My information is there to help others who feel similar to me.

bxboards

meer53 wrote: »

Contactless cards have been around for quite a while now, not seen many horror stories about huge amounts of fraud, has anyone else ?

I was in the local Post Office on Monday and used my AMEX contactless and they told me that one of the big scam purchases for contactless is lottery tickets.

It has always seemed to me to be odd to have chip and pin which is supposed to be more secure than the old magswipe, yet completely undermine the principle by putting on technology that doesn't even check the card presenter is the authorized card owner.

Candyapple

Or perhaps try calling your card issuer / bank and request a non-contactless card ?

http://www.theguardian.com/money/2015/jan/17/contactless-payments-banks-force-us

techno79

meer53 wrote: »

Me neither. I've spent a long time working in the fraud department of a bank, none of my work colleagues (about 70 of them) have either.

A sample size of about 70 is useless when talking about card fraud.

techno79

Candyapple wrote: »

Or perhaps try calling your card issuer / bank and request a non-contactless card ?

http://www.theguardian.com/money/2015/jan/17/contactless-payments-banks-force-us

That was the first thing I did, the card issuer does not have a non-contactless option. It only option for me was to ditch 'n' switch or cut the antenna. I did the latter and I'm all happy again.

foxtrotoscar_2

shane1104 wrote: »

wrap your card in foil


or buy one of these


http://www.amazon.co.uk/dp/B004YZBCX6/ref=pd_lpo_sbs_dp_ss_1/279-8248523-2266260?pf_rd_m=A3P5ROKL5A1OLE&pf_rd_s=lpo-top-stripe&pf_rd_r=1PXMW842C7XYKQT22KJ9&pf_rd_t=201&pf_rd_p=569136327&pf_rd_i=B00A5WRHSG

...and your head as well!

alderpoint

bxboards wrote: »

It has always seemed to me to be odd to have chip and pin which is supposed to be more secure than the old magswipe, yet completely undermine the principle by putting on technology that doesn't even check the card presenter is the authorized card owner.

Do <i>any</i> cards use technology which checks the presenter is the owner? How?

meer53

From The UK Cards Association website -

Instances of fraud on contactless cards are extremely rare, with the latest figures showing that contactless fraud totalled £51,000 over the first six months of 2014 - just 0.007 per cent of contactless card spending. However, if a card is lost or stolen, consumers are protected against fraud loss - they will not be liable for any fraudulent use and should report it to their card issuer as soon as possible.

techno79

meer53 wrote: »

From The UK Cards Association website -

Instances of fraud on contactless cards are extremely rare, with the latest figures showing that contactless fraud totalled £51,000 over the first six months of 2014 - just 0.007 per cent of contactless card spending. However, if a card is lost or stolen, consumers are protected against fraud loss - they will not be liable for any fraudulent use and should report it to their card issuer as soon as possible.

Firstly, this is only for the identified fraud. I'm sure there is a lot of fraud that goes unnoticed. Secondly, I am extremely doubtful over the £51k of fraud.

From the same source (http://www.theukcardsassociation.org.uk/plastic_fraud_figures/index.asp).

Total UK fraud on lost or stolen cards for the past few years are:
2014: £60 million
2013: £59 million
2012: £55 million
2011: £50 million

Let's assume £30 million fraud for lost/stolen cards was for the first 6 months of 2014. To use that card fraudulently, they'd some how have to obtain the PIN or they could use the contactless payment option which requires no further information.

I honestly doubt contactless fraud only accounts for £51k of the £30 million fraud for lost/stolen cards.

The protection in fraud loss only kicks if you identify the fraud. I'm sure there's many instances of fraud that occur that are not identified at all.

I'd much prefer fraud prevention (proactive) than fraud loss protection (reactive).